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Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials Sample Questions:

1. A bank owns 50 computer tables whose useful life has been set as 20 years. The depreciation method for these assets is set as the straight line method. The bank wants to determine the value of these tables at the end of their useful life.
What would the value be? (Choose the best answer.)

A) o
B) 1
C) equal to the original cost of the new asset of the same type
D) almost 0

2. What happens to a customer account when a transaction is of type "foreign exchange purchase against account?" (Choose the best answer.)

A) it depends on the currency being purchased.
B) The account is debited.
C) The account is credited.
D) it depends on whether the customer account is Savings or Current.

3. A bank uses the tracer function in the Bills module to send automatic swift tracer messages that seek acceptance of usance bills. The bank's requirement is that the sending of tracers should be stopped after receiving an acceptance message.
How should you handle this? (Choose the best answer.)

A) Upload the incoming Acceptance message" into the bill contract by using the straight through processing option.
B) Unlock the bill contract and input the "acceptance message date," which will stop additional tracers.
C) Select the "auto tracer stop' option at the Bill product level.
D) Unlock the bill contract and select the "stop tracer option.

4. The system supports Multi Credit Transfer by using the funds transfer module. Which three statements are true about Multi Credit Transfer? (Choose three.)

A) A maximum of 10 contracts can be consolidated under a Multi Credit Reference number.
B) A consolidated accounting reference number must be entered by a user.
C) The Multi Credit Transfer field should be enabled at the Product and Branch levels.
D) A message is sent as MT102 and MT 203.

5. Identify the correct function ID to access the Bill Contract screen. (Choose the best answer)

A) BCDCONON
B) BCDCONOL
C) BCDTRONL
D) BCDTRNON

Solutions: